The Centers for Medicare & Medicaid Services (CMS) has released the following information regarding the Medicare premiums and deductibles that will become effective in 2012.
| Part A | ||
| Hospital: | Deductible | $1,156.00 |
| Coinsurance | 1st through 60th day: $0 61st through 90th day: $289.00/day 91st through 150th day: $578.00/day |
|
| Skilled Nursing Facility | Coinsurance | 1st through 20th day: $0 21st through 100th day: $144.50/day |
| Part A Premium (for voluntary enrollees only): $451.00/month (if individual has 29 or fewer quarters of Social Security coverage) $248.00/month (if individual has 30-39 quarters of Social Security coverage) | ||
| Part B | ||
| Deductible | $140.00/year | |
Part B Monthly Premium
The 2012 Part B monthly premium rates to be paid by beneficiaries who file an individual tax return, including those who are single, head of household, qualifying widow(er) with dependent child, or married filing separately who lived apart from their spouse for the entire taxable year, or joint tax return are:
| Table 1: Part B Monthly Premium | ||
|---|---|---|
| Beneficiaries who file an individual tax return with income | Beneficiaries who file a joint tax return with income | |
| Your 2012 Part B Monthly Premium Is | If Your Yearly Income Is | |
| $99.90 | $85,000 or less | $170,000 or less |
| $139.90 (increased by $40.00 due to IRMAA) | $85,001 - $107,000 | $170,001 - $214,000 |
| $199.80 (increased by $99.90 due to IRMAA) | $107,001 - $160,000 | $214,001 - $320,000 |
| $259.70 (increased by $159.80 due to IRMAA) | $160,001 - $214,000 | $320,001 - $428,000 |
| $319.70 (increased by $219.80 due to IRMAA) | Above $214,000 | Above $428,000 |
In addition, the monthly premium rates to be paid by beneficiaries who are married, but file a separate return from their spouse and lived with their spouse at some time during the taxable year are:
| Table 2: Part B Monthly Premium Beneficiaries who are married, but file a separate tax return from their spouse and lived with his or her spouse at some time during the taxable year | |
| Your 2012 Monthly Premium Is | Beneficiairies who are married but file a separate tax return from his or her spouse |
|---|---|
| $99.90 | $85,000 or less |
| $259.70 (increased by $159.80 due to IRMAA) | $85,001 - $129,000 |
| $319.70 (increased by $219.80 due to IRMAA) | Above $129,000 |
Beneficiaries enrolled in Medicare Part B with modified adjusted gross incomes above a set threshold are required to pay a higher percentage of their total Part B premium costs. This is the Income-Related Monthly Adjustment Amount (IRMAA).